This is by far the most interesting concept I have come across. Reason being it took me a very long time to decipher the information because every article I read talks about how good or bad the model is but does not give explanation how to use it. I tried various books, videos, research article, youtube and found that everyone is reiterating the same information. I then reached out to my online facilitator at AIB Dr Aaron Wijeratne who broke it down with using any academic nuances. He also provided examples which reinforced the learning. Finally, I had my “eureka” moment.
Let’s dive in on how this model works.
If you remember the last couple of videos we discussed about SituationalLeadership and Path theory which dealt with how to be an effective leader based on changing situation.
In this video we will explore the Fiedlers Contingency Model and how it can highlight the most effective leadership style to use in different situations.
=============================
SUBSCRIBE TO MY YOUTUBE CHANNEL https://www.youtube.com/Can-Indian channel..
=============================
TO FIND OUT MORE about me please visit www.I-CanIn.com
Follow me on Facebook @yesIcanandIwill
Follow me on Twitter @CanindianM
Follow me on Instagram @CanindianM

Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Contingency”
A liability that exists because of a circumstance (such as a lawsuit) that may cause a business loss in the future depending on other events that have yet to happen (such as the outcome of a trial) and indeed may never happen. Contingency is a potential negative economic event which may occur in the future. In finance, managers often attempt to identify and plan for any contingencies that they feel may occur with any significant likelihood. To mitigate risk, financial managers often err on the conservative side, assuming slightly worse-than-expected outcomes, and arranging a company's affairs so that it can weather negative outcomes with the least distress possible.
To plan for contingencies, financial managers often recommend setting aside significant reserves of cash so that the company has strong liquidity, even if it meets with a period of poor sales or unexpected expenses. Managers may also seek to proactively open credit lines while a company is in a strong financial position to ensure access to borrowing in less favorable times.
By Barry Norman, Investors Trading Academy - ITA

published:30 May 2016

views:4005

What isCOST CONTINGENCY? What does COST CONTINGENCY mean? COST CONTINGENCY meaning - COST CONTINGENCY definition - COST CONTINGENCY explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency.
Contingency "refers to costs that will probably occur based on past experience, but with some uncertainty regarding the amount. The term is not used as a catchall to cover ignorance. It is poor engineering and poor philosophy to make second-rate estimates and then try to satisfy them by using a large contingency account. The contingency allowance is designed to cover items of cost which are not known exactly at the time of the estimate but which will occur on a statistical basis."
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency. This is intended to provide compensation for "estimating accuracy based on quantities assumed or measured, unanticipated market conditions, scheduling delays and acceleration issues, lack of bidding competition, subcontractor defaults, and interfacing omissions between various work categories." Additional classifications of contingency may be included at various stages of a project's life, including design contingency, or design definition contingency, or design growth contingency, and change order contingency (although these may be more properly called allowances).
AACE International, the Association for the Advancement of Cost Engineering, has defined contingency as "An amount added to an estimate to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. Typically estimated using statistical analysis or judgment based on past asset or project experience. Contingency usually excludes:
1. Major scope changes such as changes in end product specification, capacities, building sizes, and location of the asset or project;
2. Extraordinary events such as major strikes and natural disasters;
3. Management reserves; and
4. Escalation and currency effects.
Some of the items, conditions, or events for which the state, occurrence, and/or effect is uncertain include, but are not limited to, planning and estimating errors and omissions, minor price fluctuations (other than general escalation), design developments and changes within the scope, and variations in market and environmental conditions. Contingency is generally included in most estimates, and is expected to be expended".
A key phrase above is that it is "expected to be expended". In other words, it is an item in an estimate like any other, and should be estimated and included in every estimate and every budget. Because management often thinks contingency money is "fat" that is not needed if a project team does its job well, it is a controversial topic.

FFA arenas and stuff :)
Slow-mo scenes are at half speed so feel free to speed up the video x2 if the slow-mo bothers you. thank you for watching and i hope you enjoy.
Music: Deca - Salome
https://www.youtube.com/watch?v=bSwh8dtnuVo

published:20 Sep 2016

views:2191

Stellaris- Battling over the Contingency's final Planet at 1.5x Crisis Difficulty.

Online and offline

The terms "online" and "offline" have specific meanings in regard to computer technology and telecommunications in which "online" indicates a state of connectivity, while "offline" indicates a disconnected state. Common vernacular extended from their computing and telecommunication meanings and refers specifically to an Internet connection. Lastly, in the area of human interaction and conversation, discussions taking place during a business meeting are "online", while issues that do not concern all participants of the meeting should be "taken offline" — continued outside of the meeting.

Definitions

In computer technology and telecommunication, online and offline are defined by Federal Standard 1037C. They are states or conditions of a "device or equipment" or of a "functional unit". To be considered online, one of the following may apply to a system: it is under the direct control of another device; it is under the direct control of the system with which it is associated; or it is available for immediate use on demand by the system without human intervention.

Modern warfare

Modern warfare is warfare using the concepts, methods, and military technology that have come into use during and after World War II and the Korean War. The concepts and methods have assumed more complex forms of the 19th- and early-20th-century antecedents, largely due to the widespread use of highly advanced information technology, and combatants must modernize constantly to preserve their battle worthiness.
Although total war was thought to be the form of international conflicts from the experience of the French Revolutionary Wars to World War II, the term no longer describes warfare in which a belligerent use all of its resources to destroy the enemy's organized ability to engage in war. The practice of total war which had been in use for over a century, as a form of war policy, has been changed dramatically with greater awareness of tactical, operational, and strategic battle information.

War in modern times has been the inclusion of civilians and civilian infrastructure as targets in destroying the enemy's ability to engage in war. The targeting of civilians developed from two distinct theories. The first theory was that if enough civilians were killed, factories could not function. The second theory was that if civilians were killed, the enemy would be so demoralized that it would have no ability to wage further war. However, UNICEF reports that civilian fatalities are down from 20 percent prior to 1900 AD to less than 5 percent of fatalities in the wars beginning in the 1990s.

Modern Warfare 2 has been critically acclaimed by various gaming websites, attaining a 94% aggregate score on Metacritic, with praise stemming primarily from its in-depth multiplayer component. Within 24 hours of release, the game sold approximately 4.7 million copies in North America and the United Kingdom.

MBA 101 Leadership, Fiedlers Contingency Theory

This is by far the most interesting concept I have come across. Reason being it took me a very long time to decipher the information because every article I read talks about how good or bad the model is but does not give explanation how to use it. I tried various books, videos, research article, youtube and found that everyone is reiterating the same information. I then reached out to my online facilitator at AIB Dr Aaron Wijeratne who broke it down with using any academic nuances. He also provided examples which reinforced the learning. Finally, I had my “eureka” moment.
Let’s dive in on how this model works.
If you remember the last couple of videos we discussed about SituationalLeadership and Path theory which dealt with how to be an effective leader based on changing situation.
In this video we will explore the Fiedlers Contingency Model and how it can highlight the most effective leadership style to use in different situations.
=============================
SUBSCRIBE TO MY YOUTUBE CHANNEL https://www.youtube.com/Can-Indian channel..
=============================
TO FIND OUT MORE about me please visit www.I-CanIn.com
Follow me on Facebook @yesIcanandIwill
Follow me on Twitter @CanindianM
Follow me on Instagram @CanindianM

Call Of Duty Modern Warfare 2 Mission 12: Contingency

What is Contingency Plan?

Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Contingency”
A liability that exists because of a circumstance (such as a lawsuit) that may cause a business loss in the future depending on other events that have yet to happen (such as the outcome of a trial) and indeed may never happen. Contingency is a potential negative economic event which may occur in the future. In finance, managers often attempt to identify and plan for any contingencies that they feel may occur with any significant likelihood. To mitigate risk, financial managers often err on the conservative side, assuming slightly worse-than-expected outcomes, and arranging a company's affairs so that it can weather negative outcomes with the least distress possible.
To plan for contingencies, financial managers often recommend setting aside significant reserves of cash so that the company has strong liquidity, even if it meets with a period of poor sales or unexpected expenses. Managers may also seek to proactively open credit lines while a company is in a strong financial position to ensure access to borrowing in less favorable times.
By Barry Norman, Investors Trading Academy - ITA

What isCOST CONTINGENCY? What does COST CONTINGENCY mean? COST CONTINGENCY meaning - COST CONTINGENCY definition - COST CONTINGENCY explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency.
Contingency "refers to costs that will probably occur based on past experience, but with some uncertainty regarding the amount. The term is not used as a catchall to cover ignorance. It is poor engineering and poor philosophy to make second-rate estimates and then try to satisfy them by using a large contingency account. The contingency allowance is designed to cover items of cost which are not known exactly at the time of the estimate but which will occur on a statistical basis."
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency. This is intended to provide compensation for "estimating accuracy based on quantities assumed or measured, unanticipated market conditions, scheduling delays and acceleration issues, lack of bidding competition, subcontractor defaults, and interfacing omissions between various work categories." Additional classifications of contingency may be included at various stages of a project's life, including design contingency, or design definition contingency, or design growth contingency, and change order contingency (although these may be more properly called allowances).
AACE International, the Association for the Advancement of Cost Engineering, has defined contingency as "An amount added to an estimate to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. Typically estimated using statistical analysis or judgment based on past asset or project experience. Contingency usually excludes:
1. Major scope changes such as changes in end product specification, capacities, building sizes, and location of the asset or project;
2. Extraordinary events such as major strikes and natural disasters;
3. Management reserves; and
4. Escalation and currency effects.
Some of the items, conditions, or events for which the state, occurrence, and/or effect is uncertain include, but are not limited to, planning and estimating errors and omissions, minor price fluctuations (other than general escalation), design developments and changes within the scope, and variations in market and environmental conditions. Contingency is generally included in most estimates, and is expected to be expended".
A key phrase above is that it is "expected to be expended". In other words, it is an item in an estimate like any other, and should be estimated and included in every estimate and every budget. Because management often thinks contingency money is "fat" that is not needed if a project team does its job well, it is a controversial topic.

The Prime Contingency

FFA arenas and stuff :)
Slow-mo scenes are at half speed so feel free to speed up the video x2 if the slow-mo bothers you. thank you for watching and i hope you enjoy.
Music: Deca - Salome
https://www.youtube.com/watch?v=bSwh8dtnuVo

9:50

Stellaris: Destroying the Contingency

Stellaris: Destroying the Contingency

Stellaris: Destroying the Contingency

Stellaris- Battling over the Contingency's final Planet at 1.5x Crisis Difficulty.

Supervised learning approach to online contingency screening and ranking in power systems

Supervised learning approach to online contingency screening and ranking in power systems

Supervised learning approach to online contingency screening and ranking in power systems

This project proposes a supervised learning approach to fast and accurate power system security assessment and contingency analysis. The severity of the contingency is measured by two scalar performance indices (PIs): Voltage-reactive power performance index, PIVQ and line MVA performance index, PIMVA. In this project, Feed-Forward Artificial Neural Network (FFNN) is employed that uses pattern recognition methodology for security assessment and contingency analysis. A feature selection technique based on the correlation coefficient has been employed to identify the inputs for the FFNN. The effectiveness of the proposed methodology is demonstrated on IEEE 39-bus New England system at different loading conditions corresponding to single line outage. The overall accuracy of the test results for unknown patterns highlights the suitability of the approach for online applications at Energy Management Center.

57:04

Contingency Analysis

Contingency Analysis

Contingency Analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

IT Contingency Planning - CompTIA Security+ SY0-401: 2.8

Security+ TrainingCourseIndex: http://professormesser.link/sy0401
Professor Messer’s Course Notes: http://professormesser.link/sy0401cn
Frequently Asked Questions: http://professormesser.link/faq
- - - - -
There are a number of formal processes that you can follow for IT contingency planning. In this video, you’ll learn about some well-documented contingency strategies from the United StatesNational Institute of Standards and Technology.
- - - - -
Download entire video course: http://professormesser.link/401adyt
Get the course on MP3 audio: http://professormesser.link/401vdyt
Subscribe to get the latest videos: http://professormesser.link/yt
Calendar of live events: http://www.professormesser.com/calendar/
FOLLOW PROFESSOR MESSER:
Professor Messer official website: http://www.professo...

published: 01 Sep 2014

MBA 101 Leadership, Fiedlers Contingency Theory

This is by far the most interesting concept I have come across. Reason being it took me a very long time to decipher the information because every article I read talks about how good or bad the model is but does not give explanation how to use it. I tried various books, videos, research article, youtube and found that everyone is reiterating the same information. I then reached out to my online facilitator at AIB Dr Aaron Wijeratne who broke it down with using any academic nuances. He also provided examples which reinforced the learning. Finally, I had my “eureka” moment.
Let’s dive in on how this model works.
If you remember the last couple of videos we discussed about SituationalLeadership and Path theory which dealt with how to be an effective leader based on changing situation.
In th...

Call of Duty Modern Warfare 2 OST "Contingency" part 2

Call Of Duty Modern Warfare 2 Mission 12: Contingency

What is Contingency Plan?

Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Contingency”
A liability that exists because of a circumstance (such as a lawsuit) that may cause a business loss in the future depending on other events that have yet to happen (such as the outcome of a trial) and indeed may never happen. Contingency is a potential negative economic event which may occur in the future. In finance, managers often attempt to identify and plan for any contingencies that they feel may occur with any significant likelihood. To mitigate risk, financial managers often err on the conservative side, assuming slightly worse-than-expected outcomes, and arranging a company's affairs so that it can weather negative outcomes with the least distress possible...

What isCOST CONTINGENCY? What does COST CONTINGENCY mean? COST CONTINGENCY meaning - COST CONTINGENCY definition - COST CONTINGENCY explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost c...

The Prime Contingency

FFA arenas and stuff :)
Slow-mo scenes are at half speed so feel free to speed up the video x2 if the slow-mo bothers you. thank you for watching and i hope you enjoy.
Music: Deca - Salome
https://www.youtube.com/watch?v=bSwh8dtnuVo

published: 20 Sep 2016

Stellaris: Destroying the Contingency

Stellaris- Battling over the Contingency's final Planet at 1.5x Crisis Difficulty.

Supervised learning approach to online contingency screening and ranking in power systems

This project proposes a supervised learning approach to fast and accurate power system security assessment and contingency analysis. The severity of the contingency is measured by two scalar performance indices (PIs): Voltage-reactive power performance index, PIVQ and line MVA performance index, PIMVA. In this project, Feed-Forward Artificial Neural Network (FFNN) is employed that uses pattern recognition methodology for security assessment and contingency analysis. A feature selection technique based on the correlation coefficient has been employed to identify the inputs for the FFNN. The effectiveness of the proposed methodology is demonstrated on IEEE 39-bus New England system at different loading conditions corresponding to single line outage. The overall accuracy of the test results f...

published: 20 Oct 2015

Contingency Analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

MBA 101 Leadership, Fiedlers Contingency Theory

This is by far the most interesting concept I have come across. Reason being it took me a very long time to decipher the information because every article I rea...

This is by far the most interesting concept I have come across. Reason being it took me a very long time to decipher the information because every article I read talks about how good or bad the model is but does not give explanation how to use it. I tried various books, videos, research article, youtube and found that everyone is reiterating the same information. I then reached out to my online facilitator at AIB Dr Aaron Wijeratne who broke it down with using any academic nuances. He also provided examples which reinforced the learning. Finally, I had my “eureka” moment.
Let’s dive in on how this model works.
If you remember the last couple of videos we discussed about SituationalLeadership and Path theory which dealt with how to be an effective leader based on changing situation.
In this video we will explore the Fiedlers Contingency Model and how it can highlight the most effective leadership style to use in different situations.
=============================
SUBSCRIBE TO MY YOUTUBE CHANNEL https://www.youtube.com/Can-Indian channel..
=============================
TO FIND OUT MORE about me please visit www.I-CanIn.com
Follow me on Facebook @yesIcanandIwill
Follow me on Twitter @CanindianM
Follow me on Instagram @CanindianM

This is by far the most interesting concept I have come across. Reason being it took me a very long time to decipher the information because every article I read talks about how good or bad the model is but does not give explanation how to use it. I tried various books, videos, research article, youtube and found that everyone is reiterating the same information. I then reached out to my online facilitator at AIB Dr Aaron Wijeratne who broke it down with using any academic nuances. He also provided examples which reinforced the learning. Finally, I had my “eureka” moment.
Let’s dive in on how this model works.
If you remember the last couple of videos we discussed about SituationalLeadership and Path theory which dealt with how to be an effective leader based on changing situation.
In this video we will explore the Fiedlers Contingency Model and how it can highlight the most effective leadership style to use in different situations.
=============================
SUBSCRIBE TO MY YOUTUBE CHANNEL https://www.youtube.com/Can-Indian channel..
=============================
TO FIND OUT MORE about me please visit www.I-CanIn.com
Follow me on Facebook @yesIcanandIwill
Follow me on Twitter @CanindianM
Follow me on Instagram @CanindianM

What is Contingency Plan?

Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Contingency”
A liability that exists because o...

Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Contingency”
A liability that exists because of a circumstance (such as a lawsuit) that may cause a business loss in the future depending on other events that have yet to happen (such as the outcome of a trial) and indeed may never happen. Contingency is a potential negative economic event which may occur in the future. In finance, managers often attempt to identify and plan for any contingencies that they feel may occur with any significant likelihood. To mitigate risk, financial managers often err on the conservative side, assuming slightly worse-than-expected outcomes, and arranging a company's affairs so that it can weather negative outcomes with the least distress possible.
To plan for contingencies, financial managers often recommend setting aside significant reserves of cash so that the company has strong liquidity, even if it meets with a period of poor sales or unexpected expenses. Managers may also seek to proactively open credit lines while a company is in a strong financial position to ensure access to borrowing in less favorable times.
By Barry Norman, Investors Trading Academy - ITA

Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Contingency”
A liability that exists because of a circumstance (such as a lawsuit) that may cause a business loss in the future depending on other events that have yet to happen (such as the outcome of a trial) and indeed may never happen. Contingency is a potential negative economic event which may occur in the future. In finance, managers often attempt to identify and plan for any contingencies that they feel may occur with any significant likelihood. To mitigate risk, financial managers often err on the conservative side, assuming slightly worse-than-expected outcomes, and arranging a company's affairs so that it can weather negative outcomes with the least distress possible.
To plan for contingencies, financial managers often recommend setting aside significant reserves of cash so that the company has strong liquidity, even if it meets with a period of poor sales or unexpected expenses. Managers may also seek to proactively open credit lines while a company is in a strong financial position to ensure access to borrowing in less favorable times.
By Barry Norman, Investors Trading Academy - ITA

What isCOST CONTINGENCY? What does COST CONTINGENCY mean? COST CONTINGENCY meaning - COST CONTINGENCY definition - COST CONTINGENCY explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency.
Contingency "refers to costs that will probably occur based on past experience, but with some uncertainty regarding the amount. The term is not used as a catchall to cover ignorance. It is poor engineering and poor philosophy to make second-rate estimates and then try to satisfy them by using a large contingency account. The contingency allowance is designed to cover items of cost which are not known exactly at the time of the estimate but which will occur on a statistical basis."
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency. This is intended to provide compensation for "estimating accuracy based on quantities assumed or measured, unanticipated market conditions, scheduling delays and acceleration issues, lack of bidding competition, subcontractor defaults, and interfacing omissions between various work categories." Additional classifications of contingency may be included at various stages of a project's life, including design contingency, or design definition contingency, or design growth contingency, and change order contingency (although these may be more properly called allowances).
AACE International, the Association for the Advancement of Cost Engineering, has defined contingency as "An amount added to an estimate to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. Typically estimated using statistical analysis or judgment based on past asset or project experience. Contingency usually excludes:
1. Major scope changes such as changes in end product specification, capacities, building sizes, and location of the asset or project;
2. Extraordinary events such as major strikes and natural disasters;
3. Management reserves; and
4. Escalation and currency effects.
Some of the items, conditions, or events for which the state, occurrence, and/or effect is uncertain include, but are not limited to, planning and estimating errors and omissions, minor price fluctuations (other than general escalation), design developments and changes within the scope, and variations in market and environmental conditions. Contingency is generally included in most estimates, and is expected to be expended".
A key phrase above is that it is "expected to be expended". In other words, it is an item in an estimate like any other, and should be estimated and included in every estimate and every budget. Because management often thinks contingency money is "fat" that is not needed if a project team does its job well, it is a controversial topic.

What isCOST CONTINGENCY? What does COST CONTINGENCY mean? COST CONTINGENCY meaning - COST CONTINGENCY definition - COST CONTINGENCY explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency.
Contingency "refers to costs that will probably occur based on past experience, but with some uncertainty regarding the amount. The term is not used as a catchall to cover ignorance. It is poor engineering and poor philosophy to make second-rate estimates and then try to satisfy them by using a large contingency account. The contingency allowance is designed to cover items of cost which are not known exactly at the time of the estimate but which will occur on a statistical basis."
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency. This is intended to provide compensation for "estimating accuracy based on quantities assumed or measured, unanticipated market conditions, scheduling delays and acceleration issues, lack of bidding competition, subcontractor defaults, and interfacing omissions between various work categories." Additional classifications of contingency may be included at various stages of a project's life, including design contingency, or design definition contingency, or design growth contingency, and change order contingency (although these may be more properly called allowances).
AACE International, the Association for the Advancement of Cost Engineering, has defined contingency as "An amount added to an estimate to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. Typically estimated using statistical analysis or judgment based on past asset or project experience. Contingency usually excludes:
1. Major scope changes such as changes in end product specification, capacities, building sizes, and location of the asset or project;
2. Extraordinary events such as major strikes and natural disasters;
3. Management reserves; and
4. Escalation and currency effects.
Some of the items, conditions, or events for which the state, occurrence, and/or effect is uncertain include, but are not limited to, planning and estimating errors and omissions, minor price fluctuations (other than general escalation), design developments and changes within the scope, and variations in market and environmental conditions. Contingency is generally included in most estimates, and is expected to be expended".
A key phrase above is that it is "expected to be expended". In other words, it is an item in an estimate like any other, and should be estimated and included in every estimate and every budget. Because management often thinks contingency money is "fat" that is not needed if a project team does its job well, it is a controversial topic.

The Prime Contingency

FFA arenas and stuff :)
Slow-mo scenes are at half speed so feel free to speed up the video x2 if the slow-mo bothers you. thank you for watching and i hope you...

FFA arenas and stuff :)
Slow-mo scenes are at half speed so feel free to speed up the video x2 if the slow-mo bothers you. thank you for watching and i hope you enjoy.
Music: Deca - Salome
https://www.youtube.com/watch?v=bSwh8dtnuVo

FFA arenas and stuff :)
Slow-mo scenes are at half speed so feel free to speed up the video x2 if the slow-mo bothers you. thank you for watching and i hope you enjoy.
Music: Deca - Salome
https://www.youtube.com/watch?v=bSwh8dtnuVo

Supervised learning approach to online contingency screening and ranking in power systems

This project proposes a supervised learning approach to fast and accurate power system security assessment and contingency analysis. The severity of the conting...

This project proposes a supervised learning approach to fast and accurate power system security assessment and contingency analysis. The severity of the contingency is measured by two scalar performance indices (PIs): Voltage-reactive power performance index, PIVQ and line MVA performance index, PIMVA. In this project, Feed-Forward Artificial Neural Network (FFNN) is employed that uses pattern recognition methodology for security assessment and contingency analysis. A feature selection technique based on the correlation coefficient has been employed to identify the inputs for the FFNN. The effectiveness of the proposed methodology is demonstrated on IEEE 39-bus New England system at different loading conditions corresponding to single line outage. The overall accuracy of the test results for unknown patterns highlights the suitability of the approach for online applications at Energy Management Center.

This project proposes a supervised learning approach to fast and accurate power system security assessment and contingency analysis. The severity of the contingency is measured by two scalar performance indices (PIs): Voltage-reactive power performance index, PIVQ and line MVA performance index, PIMVA. In this project, Feed-Forward Artificial Neural Network (FFNN) is employed that uses pattern recognition methodology for security assessment and contingency analysis. A feature selection technique based on the correlation coefficient has been employed to identify the inputs for the FFNN. The effectiveness of the proposed methodology is demonstrated on IEEE 39-bus New England system at different loading conditions corresponding to single line outage. The overall accuracy of the test results for unknown patterns highlights the suitability of the approach for online applications at Energy Management Center.

Contingency Analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever t...

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

Atheist Debates - Argument from Contingency

Part of the Atheist Debates Patreon project: http://www.patreon.com/AtheistDebates
In the realm of cosmological arguments, arguments from contingency are less typical than first-cause arguments or the Kalam cosmological argument, but it plays to the heart of our curiosity over why there is something instead of nothing.

https://lucidphilosophy.com Why is there something rather than nothing? Why do some believe the limits of reality can be captured within the limits of our minds? In this video, I thoroughly review the cosmological argument from contingency. I present the strongest form of cosmological argument as presented by Leibnitz, Coppleston, Pruss, Koons, and Reitan and as critiqued by Mackie, Russell, and other scholars. I also explain why Dawkins and Krauss do not understand this argument and so their criticisms are not as strong as the criticism presented by Mackie, Stenger, Russell, and others. . I also address how science does and does not affect the cosmological argument from contingency.
Why does the argument hinge on PSR? What are the consequences of rejecting PSR? Why can't the universe b...

Stellaris has a new DLC called SyntheticDawn so it's robot time! Synthetic Dawn adds robot empires to Stellaris so let's assimilated some fools!
Playlist: http://tiny.cc/fishee
Support me over at http://www.patreon.com/enterelysium if you want.
Modlist: https://prnt.sc/gvqd21
If you enjoyed watching please like and (if you aren't already) consider subscribing!
Livestreaming: http://twitch.tv/enterelysium
Twitter: http://twitter.com/EnterElysium
Facebook: http://facebook.com/EnterElysiumYT
Hey, I'm EnterElysium. I produce gaming content most days covering anything either Sci-Fi, Strategy or Science related! I produce content varying from general gaming news, let's plays, walkthrough, tips, science related and even some storyline-through-emergent-gameplay... er, stuff! Thanks for taking ...

published: 29 Nov 2017

Let's Play Neverwinter Online [#131] Contingency

Join me as I play NeverwinterOnline. Mourn must gather Rods of Cancellation Pieces and then throw the completed Rod into the Sphere of Annihilation.
Thanks for watching and please give me a LIKE, comment and/or subscribe.
If your interested in joining TGN (The Gaming Network) please click on the link below to start the application process:
http://bbtv.go2cloud.org/aff_c?offer_id=26&aff_id=3486
Here is the link to my Twitch.tv channel:
http://www.twitch.tv/gearldc717
To Subscribe:
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YouTube Channel:
http://youtube.com/user/gearldc717
Neverwinter Online (Arc) Website:
http://www.arcgames.com/en/games/neverwinter

Contingency Analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

Throne of Lies: Contingency Plans

Throne of LiesPrincess Gameplay. Throne of Lies is currently a social deduction game in Alpha.
If you enjoyed the video, leave a like!
Please Subscribe.
If you would like to get in on the action, here's the link to throne of lies store.
https://www.throneoflies.com/?ref=whz
Intro/Outro music by DJ Quads. Check him out!
https://soundcloud.com/aka-dj-quads/tracks

published: 26 Jun 2017

Invisible Inc. Contingency Plan 13 - Perfect Timing

Well, the new guy does have a few good abilities and we get to the elevator right before all hell breaks loose.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy when you're not close.
Playing this in Expert Plus mode (hardest difficulty) with 1 rewind. Invisible Inc is a turn based game by Klei Entertainment, the makers of Don't Starve. Get it on Steam, it's awesome and less than half the price of Xcom2.

published: 06 Mar 2016

Invisible Inc. Contingency Plan 48 - Series finale!

Finally got the 20 day "Empire Builder" achievement, so after 48 episodes, I will end this series (but I'll continue with Invisible Inc. to get the remaining achievements). Highlights: 28:53 Decker takes out 4 guys, 45:20 nice tactic: blocking the escape route with an invisible agent, 57:57 how to fit 5 agents into a 4 spot elevator.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy or camera angles when you're not close.

Let's play STELLARIS: SyntheticDawn! Video description and relevant links are right here, channel & community-relevant links are below!
The machines have risen. The galaxy will kneel. Join me as I embark on a sadistic quest to dominate the galaxy by any means necessary. But preferably by assimilation. Something about resistance, etc etc.
Enjoying the show? Give this video a like! And feel free to share it. Every click helps enthusiasts like you find their way to the channel.
To stay caught up with the latest episodes and new content, I recommend subscribing.
► Click here : http://www.youtube.com/HadrianLP?sub_confirmation=1
Thanks for watching!
The series' full playlist can be found here:
► https://www.youtube.com/playlist?list=PLFcBsX3CFECNfXvpzDyQ4JfkX_SxyJWDF
--------------------...

Atheist Debates - Argument from Contingency

Part of the Atheist Debates Patreon project: http://www.patreon.com/AtheistDebates
In the realm of cosmological arguments, arguments from contingency are less ...

Part of the Atheist Debates Patreon project: http://www.patreon.com/AtheistDebates
In the realm of cosmological arguments, arguments from contingency are less typical than first-cause arguments or the Kalam cosmological argument, but it plays to the heart of our curiosity over why there is something instead of nothing.

Part of the Atheist Debates Patreon project: http://www.patreon.com/AtheistDebates
In the realm of cosmological arguments, arguments from contingency are less typical than first-cause arguments or the Kalam cosmological argument, but it plays to the heart of our curiosity over why there is something instead of nothing.

https://lucidphilosophy.com Why is there something rather than nothing? Why do some believe the limits of reality can be captured within the limits of our min...

https://lucidphilosophy.com Why is there something rather than nothing? Why do some believe the limits of reality can be captured within the limits of our minds? In this video, I thoroughly review the cosmological argument from contingency. I present the strongest form of cosmological argument as presented by Leibnitz, Coppleston, Pruss, Koons, and Reitan and as critiqued by Mackie, Russell, and other scholars. I also explain why Dawkins and Krauss do not understand this argument and so their criticisms are not as strong as the criticism presented by Mackie, Stenger, Russell, and others. . I also address how science does and does not affect the cosmological argument from contingency.
Why does the argument hinge on PSR? What are the consequences of rejecting PSR? Why can't the universe be the necessary being? Why is the age of the universe irrelevant? What did Dawkins get wrong about the cosmological argument? Must the necessary being be a God? Can contingent series fully explain themselves in an internal way? How does modern science affect, or not affect, the cosmological argument from contingency?
For more, visit https://lucidphilosophy.com

https://lucidphilosophy.com Why is there something rather than nothing? Why do some believe the limits of reality can be captured within the limits of our minds? In this video, I thoroughly review the cosmological argument from contingency. I present the strongest form of cosmological argument as presented by Leibnitz, Coppleston, Pruss, Koons, and Reitan and as critiqued by Mackie, Russell, and other scholars. I also explain why Dawkins and Krauss do not understand this argument and so their criticisms are not as strong as the criticism presented by Mackie, Stenger, Russell, and others. . I also address how science does and does not affect the cosmological argument from contingency.
Why does the argument hinge on PSR? What are the consequences of rejecting PSR? Why can't the universe be the necessary being? Why is the age of the universe irrelevant? What did Dawkins get wrong about the cosmological argument? Must the necessary being be a God? Can contingent series fully explain themselves in an internal way? How does modern science affect, or not affect, the cosmological argument from contingency?
For more, visit https://lucidphilosophy.com

Stellaris has a new DLC called SyntheticDawn so it's robot time! Synthetic Dawn adds robot empires to Stellaris so let's assimilated some fools!
Playlist: http://tiny.cc/fishee
Support me over at http://www.patreon.com/enterelysium if you want.
Modlist: https://prnt.sc/gvqd21
If you enjoyed watching please like and (if you aren't already) consider subscribing!
Livestreaming: http://twitch.tv/enterelysium
Twitter: http://twitter.com/EnterElysium
Facebook: http://facebook.com/EnterElysiumYT
Hey, I'm EnterElysium. I produce gaming content most days covering anything either Sci-Fi, Strategy or Science related! I produce content varying from general gaming news, let's plays, walkthrough, tips, science related and even some storyline-through-emergent-gameplay... er, stuff! Thanks for taking the time to read this and I hope you enjoy the show!
Music: EpidemicSound

Stellaris has a new DLC called SyntheticDawn so it's robot time! Synthetic Dawn adds robot empires to Stellaris so let's assimilated some fools!
Playlist: http://tiny.cc/fishee
Support me over at http://www.patreon.com/enterelysium if you want.
Modlist: https://prnt.sc/gvqd21
If you enjoyed watching please like and (if you aren't already) consider subscribing!
Livestreaming: http://twitch.tv/enterelysium
Twitter: http://twitter.com/EnterElysium
Facebook: http://facebook.com/EnterElysiumYT
Hey, I'm EnterElysium. I produce gaming content most days covering anything either Sci-Fi, Strategy or Science related! I produce content varying from general gaming news, let's plays, walkthrough, tips, science related and even some storyline-through-emergent-gameplay... er, stuff! Thanks for taking the time to read this and I hope you enjoy the show!
Music: EpidemicSound

Join me as I play NeverwinterOnline. Mourn must gather Rods of Cancellation Pieces and then throw the completed Rod into the Sphere of Annihilation.
Thanks for watching and please give me a LIKE, comment and/or subscribe.
If your interested in joining TGN (The Gaming Network) please click on the link below to start the application process:
http://bbtv.go2cloud.org/aff_c?offer_id=26&aff_id=3486
Here is the link to my Twitch.tv channel:
http://www.twitch.tv/gearldc717
To Subscribe:
http://www.youtube.com/subscription_center?add_user=gearldc717
YouTube Channel:
http://youtube.com/user/gearldc717
Neverwinter Online (Arc) Website:
http://www.arcgames.com/en/games/neverwinter

Join me as I play NeverwinterOnline. Mourn must gather Rods of Cancellation Pieces and then throw the completed Rod into the Sphere of Annihilation.
Thanks for watching and please give me a LIKE, comment and/or subscribe.
If your interested in joining TGN (The Gaming Network) please click on the link below to start the application process:
http://bbtv.go2cloud.org/aff_c?offer_id=26&aff_id=3486
Here is the link to my Twitch.tv channel:
http://www.twitch.tv/gearldc717
To Subscribe:
http://www.youtube.com/subscription_center?add_user=gearldc717
YouTube Channel:
http://youtube.com/user/gearldc717
Neverwinter Online (Arc) Website:
http://www.arcgames.com/en/games/neverwinter

Contingency Analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever t...

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

Throne of LiesPrincess Gameplay. Throne of Lies is currently a social deduction game in Alpha.
If you enjoyed the video, leave a like!
Please Subscribe.
If you would like to get in on the action, here's the link to throne of lies store.
https://www.throneoflies.com/?ref=whz
Intro/Outro music by DJ Quads. Check him out!
https://soundcloud.com/aka-dj-quads/tracks

Throne of LiesPrincess Gameplay. Throne of Lies is currently a social deduction game in Alpha.
If you enjoyed the video, leave a like!
Please Subscribe.
If you would like to get in on the action, here's the link to throne of lies store.
https://www.throneoflies.com/?ref=whz
Intro/Outro music by DJ Quads. Check him out!
https://soundcloud.com/aka-dj-quads/tracks

Invisible Inc. Contingency Plan 13 - Perfect Timing

Well, the new guy does have a few good abilities and we get to the elevator right before all hell breaks loose.
Invisble Inc. is a lot like Xcom2 in that it is...

Well, the new guy does have a few good abilities and we get to the elevator right before all hell breaks loose.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy when you're not close.
Playing this in Expert Plus mode (hardest difficulty) with 1 rewind. Invisible Inc is a turn based game by Klei Entertainment, the makers of Don't Starve. Get it on Steam, it's awesome and less than half the price of Xcom2.

Well, the new guy does have a few good abilities and we get to the elevator right before all hell breaks loose.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy when you're not close.
Playing this in Expert Plus mode (hardest difficulty) with 1 rewind. Invisible Inc is a turn based game by Klei Entertainment, the makers of Don't Starve. Get it on Steam, it's awesome and less than half the price of Xcom2.

Finally got the 20 day "Empire Builder" achievement, so after 48 episodes, I will end this series (but I'll continue with Invisible Inc. to get the remaining achievements). Highlights: 28:53 Decker takes out 4 guys, 45:20 nice tactic: blocking the escape route with an invisible agent, 57:57 how to fit 5 agents into a 4 spot elevator.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy or camera angles when you're not close.

Finally got the 20 day "Empire Builder" achievement, so after 48 episodes, I will end this series (but I'll continue with Invisible Inc. to get the remaining achievements). Highlights: 28:53 Decker takes out 4 guys, 45:20 nice tactic: blocking the escape route with an invisible agent, 57:57 how to fit 5 agents into a 4 spot elevator.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy or camera angles when you're not close.

Let's play STELLARIS: SyntheticDawn! Video description and relevant links are right here, channel & community-relevant links are below!
The machines have risen. The galaxy will kneel. Join me as I embark on a sadistic quest to dominate the galaxy by any means necessary. But preferably by assimilation. Something about resistance, etc etc.
Enjoying the show? Give this video a like! And feel free to share it. Every click helps enthusiasts like you find their way to the channel.
To stay caught up with the latest episodes and new content, I recommend subscribing.
► Click here : http://www.youtube.com/HadrianLP?sub_confirmation=1
Thanks for watching!
The series' full playlist can be found here:
► https://www.youtube.com/playlist?list=PLFcBsX3CFECNfXvpzDyQ4JfkX_SxyJWDF
----------------------------------------------------------------
Links for new subscribers:
► Follow me on Twitter : http://www.twitter.com/HadrianLP
► Join the Subreddit : http://www.reddit.com/r/HadrianLP
► Join the SteamGroup : http://steamcommunity.com/groups/Hadrian
► Like the channel on Facebook : http://www.facebook.com/HadrianChannel
► Support the channel on Patreon : https://www.patreon.com/HadrianLP ($1 a month does actual magic)
&
► Don't forget to click the bell icon (by the subscribe button) for instant emails and/or smartphone notifications when new videos arrive!
If you're new to the Legion, it won't be long before you hear about how important it is to me that the channel has a strong community to build upon for the future. While you may decide to make use of only some of the channel's community outlets, or none at all, I hope you find these links useful for helping you connect!
----------------------------------------------------------------
#STELLARIS #Paradox #LetsPlay #LPQR

Let's play STELLARIS: SyntheticDawn! Video description and relevant links are right here, channel & community-relevant links are below!
The machines have risen. The galaxy will kneel. Join me as I embark on a sadistic quest to dominate the galaxy by any means necessary. But preferably by assimilation. Something about resistance, etc etc.
Enjoying the show? Give this video a like! And feel free to share it. Every click helps enthusiasts like you find their way to the channel.
To stay caught up with the latest episodes and new content, I recommend subscribing.
► Click here : http://www.youtube.com/HadrianLP?sub_confirmation=1
Thanks for watching!
The series' full playlist can be found here:
► https://www.youtube.com/playlist?list=PLFcBsX3CFECNfXvpzDyQ4JfkX_SxyJWDF
----------------------------------------------------------------
Links for new subscribers:
► Follow me on Twitter : http://www.twitter.com/HadrianLP
► Join the Subreddit : http://www.reddit.com/r/HadrianLP
► Join the SteamGroup : http://steamcommunity.com/groups/Hadrian
► Like the channel on Facebook : http://www.facebook.com/HadrianChannel
► Support the channel on Patreon : https://www.patreon.com/HadrianLP ($1 a month does actual magic)
&
► Don't forget to click the bell icon (by the subscribe button) for instant emails and/or smartphone notifications when new videos arrive!
If you're new to the Legion, it won't be long before you hear about how important it is to me that the channel has a strong community to build upon for the future. While you may decide to make use of only some of the channel's community outlets, or none at all, I hope you find these links useful for helping you connect!
----------------------------------------------------------------
#STELLARIS #Paradox #LetsPlay #LPQR

MBA 101 Leadership, Fiedlers Contingency Theory

This is by far the most interesting concept I have come across. Reason being it took me a very long time to decipher the information because every article I read talks about how good or bad the model is but does not give explanation how to use it. I tried various books, videos, research article, youtube and found that everyone is reiterating the same information. I then reached out to my online facilitator at AIB Dr Aaron Wijeratne who broke it down with using any academic nuances. He also provided examples which reinforced the learning. Finally, I had my “eureka” moment.
Let’s dive in on how this model works.
If you remember the last couple of videos we discussed about SituationalLeadership and Path theory which dealt with how to be an effective leader based on changing situation.
In this video we will explore the Fiedlers Contingency Model and how it can highlight the most effective leadership style to use in different situations.
=============================
SUBSCRIBE TO MY YOUTUBE CHANNEL https://www.youtube.com/Can-Indian channel..
=============================
TO FIND OUT MORE about me please visit www.I-CanIn.com
Follow me on Facebook @yesIcanandIwill
Follow me on Twitter @CanindianM
Follow me on Instagram @CanindianM

What is Contingency Plan?

Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Contingency”
A liability that exists because of a circumstance (such as a lawsuit) that may cause a business loss in the future depending on other events that have yet to happen (such as the outcome of a trial) and indeed may never happen. Contingency is a potential negative economic event which may occur in the future. In finance, managers often attempt to identify and plan for any contingencies that they feel may occur with any significant likelihood. To mitigate risk, financial managers often err on the conservative side, assuming slightly worse-than-expected outcomes, and arranging a company's affairs so that it can weather negative outcomes with the least distress possible.
To plan for contingencies, financial managers often recommend setting aside significant reserves of cash so that the company has strong liquidity, even if it meets with a period of poor sales or unexpected expenses. Managers may also seek to proactively open credit lines while a company is in a strong financial position to ensure access to borrowing in less favorable times.
By Barry Norman, Investors Trading Academy - ITA

What isCOST CONTINGENCY? What does COST CONTINGENCY mean? COST CONTINGENCY meaning - COST CONTINGENCY definition - COST CONTINGENCY explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency.
Contingency "refers to costs that will probably occur based on past experience, but with some uncertainty regarding the amount. The term is not used as a catchall to cover ignorance. It is poor engineering and poor philosophy to make second-rate estimates and then try to satisfy them by using a large contingency account. The contingency allowance is designed to cover items of cost which are not known exactly at the time of the estimate but which will occur on a statistical basis."
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency. This is intended to provide compensation for "estimating accuracy based on quantities assumed or measured, unanticipated market conditions, scheduling delays and acceleration issues, lack of bidding competition, subcontractor defaults, and interfacing omissions between various work categories." Additional classifications of contingency may be included at various stages of a project's life, including design contingency, or design definition contingency, or design growth contingency, and change order contingency (although these may be more properly called allowances).
AACE International, the Association for the Advancement of Cost Engineering, has defined contingency as "An amount added to an estimate to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. Typically estimated using statistical analysis or judgment based on past asset or project experience. Contingency usually excludes:
1. Major scope changes such as changes in end product specification, capacities, building sizes, and location of the asset or project;
2. Extraordinary events such as major strikes and natural disasters;
3. Management reserves; and
4. Escalation and currency effects.
Some of the items, conditions, or events for which the state, occurrence, and/or effect is uncertain include, but are not limited to, planning and estimating errors and omissions, minor price fluctuations (other than general escalation), design developments and changes within the scope, and variations in market and environmental conditions. Contingency is generally included in most estimates, and is expected to be expended".
A key phrase above is that it is "expected to be expended". In other words, it is an item in an estimate like any other, and should be estimated and included in every estimate and every budget. Because management often thinks contingency money is "fat" that is not needed if a project team does its job well, it is a controversial topic.

The Prime Contingency

FFA arenas and stuff :)
Slow-mo scenes are at half speed so feel free to speed up the video x2 if the slow-mo bothers you. thank you for watching and i hope you enjoy.
Music: Deca - Salome
https://www.youtube.com/watch?v=bSwh8dtnuVo

9:50

Stellaris: Destroying the Contingency

Stellaris- Battling over the Contingency's final Planet at 1.5x Crisis Difficulty.

Supervised learning approach to online contingency screening and ranking in power systems

This project proposes a supervised learning approach to fast and accurate power system security assessment and contingency analysis. The severity of the contingency is measured by two scalar performance indices (PIs): Voltage-reactive power performance index, PIVQ and line MVA performance index, PIMVA. In this project, Feed-Forward Artificial Neural Network (FFNN) is employed that uses pattern recognition methodology for security assessment and contingency analysis. A feature selection technique based on the correlation coefficient has been employed to identify the inputs for the FFNN. The effectiveness of the proposed methodology is demonstrated on IEEE 39-bus New England system at different loading conditions corresponding to single line outage. The overall accuracy of the test results for unknown patterns highlights the suitability of the approach for online applications at Energy Management Center.

Contingency Analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

Atheist Debates - Argument from Contingency

Part of the Atheist Debates Patreon project: http://www.patreon.com/AtheistDebates
In the realm of cosmological arguments, arguments from contingency are less typical than first-cause arguments or the Kalam cosmological argument, but it plays to the heart of our curiosity over why there is something instead of nothing.

https://lucidphilosophy.com Why is there something rather than nothing? Why do some believe the limits of reality can be captured within the limits of our minds? In this video, I thoroughly review the cosmological argument from contingency. I present the strongest form of cosmological argument as presented by Leibnitz, Coppleston, Pruss, Koons, and Reitan and as critiqued by Mackie, Russell, and other scholars. I also explain why Dawkins and Krauss do not understand this argument and so their criticisms are not as strong as the criticism presented by Mackie, Stenger, Russell, and others. . I also address how science does and does not affect the cosmological argument from contingency.
Why does the argument hinge on PSR? What are the consequences of rejecting PSR? Why can't the universe be the necessary being? Why is the age of the universe irrelevant? What did Dawkins get wrong about the cosmological argument? Must the necessary being be a God? Can contingent series fully explain themselves in an internal way? How does modern science affect, or not affect, the cosmological argument from contingency?
For more, visit https://lucidphilosophy.com

56:32

Stellaris - Salvage Sunday 04 - Contingency and Fleetcomps

Salvage Sunday's where I try to salvage your empire back into a playable state.
The Final...

Stellaris has a new DLC called SyntheticDawn so it's robot time! Synthetic Dawn adds robot empires to Stellaris so let's assimilated some fools!
Playlist: http://tiny.cc/fishee
Support me over at http://www.patreon.com/enterelysium if you want.
Modlist: https://prnt.sc/gvqd21
If you enjoyed watching please like and (if you aren't already) consider subscribing!
Livestreaming: http://twitch.tv/enterelysium
Twitter: http://twitter.com/EnterElysium
Facebook: http://facebook.com/EnterElysiumYT
Hey, I'm EnterElysium. I produce gaming content most days covering anything either Sci-Fi, Strategy or Science related! I produce content varying from general gaming news, let's plays, walkthrough, tips, science related and even some storyline-through-emergent-gameplay... er, stuff! Thanks for taking the time to read this and I hope you enjoy the show!
Music: EpidemicSound

35:22

Let's Play Neverwinter Online [#131] Contingency

Join me as I play Neverwinter Online. Mourn must gather Rods of Cancellation Pieces and th...

Let's Play Neverwinter Online [#131] Contingency

Join me as I play NeverwinterOnline. Mourn must gather Rods of Cancellation Pieces and then throw the completed Rod into the Sphere of Annihilation.
Thanks for watching and please give me a LIKE, comment and/or subscribe.
If your interested in joining TGN (The Gaming Network) please click on the link below to start the application process:
http://bbtv.go2cloud.org/aff_c?offer_id=26&aff_id=3486
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Contingency Analysis

https://etap.com - Contingency Analysis (CA) is a "what if" scenario that evaluates, provides and prioritizes the impacts on an electric power system whenever typically unplanned problems or outages occur.
For more product detail visit https://etap.com/product/contingency-analysis

Throne of Lies: Contingency Plans

Throne of LiesPrincess Gameplay. Throne of Lies is currently a social deduction game in Alpha.
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If you would like to get in on the action, here's the link to throne of lies store.
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Intro/Outro music by DJ Quads. Check him out!
https://soundcloud.com/aka-dj-quads/tracks

1:21:05

Invisible Inc. Contingency Plan 13 - Perfect Timing

Well, the new guy does have a few good abilities and we get to the elevator right before a...

Invisible Inc. Contingency Plan 13 - Perfect Timing

Well, the new guy does have a few good abilities and we get to the elevator right before all hell breaks loose.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy when you're not close.
Playing this in Expert Plus mode (hardest difficulty) with 1 rewind. Invisible Inc is a turn based game by Klei Entertainment, the makers of Don't Starve. Get it on Steam, it's awesome and less than half the price of Xcom2.

1:13:43

Invisible Inc. Contingency Plan 48 - Series finale!

Finally got the 20 day "Empire Builder" achievement, so after 48 episodes, I will end this...

Invisible Inc. Contingency Plan 48 - Series finale!

Finally got the 20 day "Empire Builder" achievement, so after 48 episodes, I will end this series (but I'll continue with Invisible Inc. to get the remaining achievements). Highlights: 28:53 Decker takes out 4 guys, 45:20 nice tactic: blocking the escape route with an invisible agent, 57:57 how to fit 5 agents into a 4 spot elevator.
Invisble Inc. is a lot like Xcom2 in that it is turn based and you have a crew. But the game gets more difficult by the minute, you have incredibly limited ammo and you can't see the enemy or camera angles when you're not close.

Let's play STELLARIS: SyntheticDawn! Video description and relevant links are right here, channel & community-relevant links are below!
The machines have risen. The galaxy will kneel. Join me as I embark on a sadistic quest to dominate the galaxy by any means necessary. But preferably by assimilation. Something about resistance, etc etc.
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If you're new to the Legion, it won't be long before you hear about how important it is to me that the channel has a strong community to build upon for the future. While you may decide to make use of only some of the channel's community outlets, or none at all, I hope you find these links useful for helping you connect!
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#STELLARIS #Paradox #LetsPlay #LPQR

52:28

Invisible, Inc. 10-15 Contingency Plan

Playing Invisible, Inc., a turn-based stealth game by Klei Entertainment.
Expert plus, K&...

The Contingency - Synthetic Dawn Gameplay | STELLA...

Invisible, Inc. 10-15 Contingency Plan...

It turns out that a theory explaining how we might detect parallel universes and prediction for the end of the world was proposed and completed by physicist Stephen Hawking shortly before he died ... &nbsp;. According to reports, the work predicts that the universe would eventually end when stars run out of energy ... ....

In another blow to the Trump administration Monday, the US Supreme Court decided Arizona must continue to issue state driver’s licenses to so-called Dreamer immigrants and refused to hear an effort by the state to challenge the Obama-era program that protects hundreds of thousands of young adults brought into the country illegally as children, Reuters reported ... – WN.com. Jack Durschlag....

Britain’s Royal Astronomical Society announced Monday that an object called 1I/2017 (‘Oumuamua) – the first confirmed asteroid known to have journeyed here from outside our solar system – most likely came from from a binary star system, or two stars orbiting a common center of gravity, EarthSky reported ... They looked at how common these star systems are in the galaxy ... ....

Nix suggested several tactics that his company would be able to use to discredit politicians online, including actions that would do "a lot more than" just "deep digging" such as to "offer them a deal that's too good to be true and make sure that's video recorded." . The CEO also said they could "send some girls around to the candidate's house," noting that Ukrainian girls "are very beautiful, I find that works very well" ... ....

Uber announced on Monday that it was pulling all of its self-driving cars from public roads in Arizona and San Francisco, Toronto, and Pittsburgh after a female pedestrian was reportedly killed after being struck by an autonomous Uber vehicle in Tempe, according to The Verge.&nbsp; ... “We are fully cooperating with local authorities in their investigation of this incident.” ... "Some incredibly sad news out of Arizona....

The U.K. clinched a deal that will buy it time in Brexit talks in a move the European Union’s chief negotiator hailed as a decisive step. But it’s all still contingent on finding a solution to the most intractable issue of all -- the Irish border... ....

Prasar Bharati is an autonomous body under I&B and its broadcast arms are AIR and DD, whose employees’ salaries are paid by the ministry, but routed through the Prasar Bharti... A PB official said the broadcaster has had to pay the salaries for the past two months from its contingency fund and it would be difficult for them to pay salaries for the month of March if the funds were not released by the I&B ministry. ....

LONDON (Reuters) - One in seven businesses from European Union countries with a presence in Britain have moved parts of their business out of the country because of concerns about disruption after Brexit, according to a survey published on Tuesday ... "There comes a moment when companies need to put contingency plans into place," Glen said. "We need to start getting real about what will actually happen." ... 6 and 19 and March 5 and 13 ... ....

After months of uncertainty and frustration, we should all welcome yesterday’s news. a Brexit transition deal has been agreed, and is to due be signed later this week ... Monday’s agreement is not yet legally enforceable, and Michel Barnier’s reminder that “nothing is agreed until everything is agreed” means that cautious firms may still wish to enact their contingency plans, albeit in a slimmed-down form....

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Colin Ryan created a little piece of history in the Gaelic Grounds last night when he hit the winning 'free' in a shoot-out to decide the second Allianz hurling League quarter-final ... "It's drama but not the drama that you want. I prefer the game, we all do ... The statement continued ... “This condensed calendar season has little or no contingency for adverse weather conditions or suitable periods for rest and recovery of our amateur players. ....

From April 1, the Bruhat Bengaluru Mahanagara Palike will take building plan approval submissions for all new projects — commercial and non-commercial — online...Online system to benefit lakhs of owners ... Online updates about progress of the application will be notified to citizens, who can make requisite payments online....

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Gov. Mary Taylor in the upcoming May primary for the Republican ticket ... Husted spent the first 10 minutes of his talk — delivered mostly to supporters and a sizable contingent of Allen County department heads — speaking on his objectives as Ohio’s secretary of state and praising Mike DeWine’s record while bashing Democratic gubernatorial candidate Richard Cordray ... “I don’t blame them ... ....

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Hosterbox has been providing reliable, secure and fast optimized hosting services for years ... We also have trained SEO and marketing experts to help you grow your website all included for free! ... Here are our current Shared plans..Essential ... Free SEO and Online Marketing support ... Free SEO and Online Marketing support ... Free SEO and Online Marketing support ... Free SEO and Online Marketing support ... ....